Reports: Wade, Bosh to Take Massive Pay Cuts to Stay With Heat

We're not sure how a sports columnist in Portland, Oregon, managed to break big Miami Heat news, but John Canzano of the Portland Oregonian has tweeted that Dwyane Wade and Chris Bosh are prepared to re-sign with the Heat for a pretty heft pay cut. No one else is confirming it, but no one else is denying it either.

Indeed, if LeBron James took the max, Bosh and Wade signed for $11 million and $12 million each, and Udonis Haslem returned with a smaller contract as well, that would leave about $12 million in cap space.

And is it just us, or is this pretty much a move that suggests Wade is looking in the long-term and planning to end his career as a one-team man? Wade would have made a bit more than $20 million a year over the next two years. Now he'll make $48 million over four years.

Wade would be 37 by the end of the terms of this rumored contract, and with his knees in their current state would likely be ready to retire.